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Changes to 2007 Form

Updates to 2007 Form 3510 Instructions - Credit for Prior Year Alternative Minimum Tax - Individuals or Fiduciaries

The revised Internet version is available for download as of 02/15/2008

Revision Details: To correct the line reference, thus allowing the taxpayer to take the correct amount of unused AMT credit carryover.

  • This update is located on side 2, instructions, 3rd column, line 31 1st and 2nd bullet, and page 487 of the Package X

Previously read:

Schedule P (540), Part III, line 11, column (d)

Revised to:

Schedule P (540), Part III, line 10, column (d)


Updates to 2007 Form 3510

Revision Date: 01/03/2008

Revision Details: This change allows the taxpayers to figure their correct amount of credit for the prior year alternative minimum tax.

  • This update is located on Form 3510, line 4

It should read:

If you were married filing separately for 2006 and this amount is more than $286,415, see instructions.

The revised form is available for download.


Updates to 2007 Form 3510

Revision Date: 01/17/2008

Revision Details: This correction allows the taxpayers a higher exclusion for the prior year alternative minimum tax. The higher exclusion amount may result in a lower tax liability.

  • This update is located on Form 3510 instructions - second column, line 4

It should read:

Married taxpayers filing separate California tax returns: Complete the following computation if line 4 is more than $286,415 2. Maximum exemption amount………$286,415

The revised form is available for download.


Updates to 2007 Form 3510

Revision Date: 01/03/2008

Revision Details: This change allows the taxpayers to figure their correct amount of credit for the prior year alternative minimum tax.

  • This update is located on Form 3510, line 4

It should read:

If you were married filing separately for 2006 and this amount is more than $286,415, see instructions.

The revised form is available for download.

Back to Tax Form Changes for 2007